Money Minute Thursday 5 September: new car registrations
In today's Money Minute we look at new car registrations for August, plus the weekly jobless numbers from the US.
In the UK, we get data on new car registrations for August.
In July, new car registrations were down by 4.1% year on year.
One factor boosting car sales in recent years has been the flood of payouts from the PPI scandal.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
With the deadline for PPI claims now passed, car sales may continue to struggle.
In the US, we get the weekly jobless claims numbers.
This measures the number of Americans joining the dole queues for the first time each week.
Claims came in at 215,000 last week, and have been broadly flat for about 18 months now.
History suggests that when claims start trending higher, a recession is on the way.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published